Idaho Code · Title 26 · Banks and Banking
Idaho Code § 26-404

Duty Of Bank Service Corporation Not To Discriminate — Burden Of Proof

Ch. 4 — BANK SERVICE CORPORATIONS
Idaho Code ● ACTIVE State Law Title 26
Statutory Text

Idaho Code § 26-404 — Duty Of Bank Service Corporation Not To Discriminate — Burden Of Proof.

TITLE 26 BANKS AND BANKING CHAPTER 4 BANK SERVICE CORPORATIONS 26-404. Duty of bank service corporation not to discriminate — Burden of proof. Whenever a bank, referred to in this section as an "applying bank," subject to examination by either the department of finance of the state of Idaho, or a federal bank supervisory agency, applies for a type of bank service for itself from a bank service corporation which supplies the same type of bank services to another bank, and the applying bank is competitive with any bank, referred to in this section as a "stockholding bank," which holds stock in such corporation, the corporation must offer to supply such services by either: (a)  issuing stock to the applying bank and furnishing bank services to it on the same basis as to the other banks holding stock in the corporation, or (b)  furnishing bank services to the applying bank at rates no higher than necessary to fairly reflect the cost of such services, including the reasonable cost of the capital provided to the corporation by its stockholders, at the corporation’s option, unless comparable services at competitive overall cost are available to the applying bank from another source, or unless the furnishing of the services sought by the applying bank would be beyond the practical capacity of the corporation. In any action or proceeding to enforce the duty imposed by this section, or for damages for the breach thereof, the burden shall be upon the bank service corporation to show such availability.

History:[26-404, added 1979, ch. 41, sec. 2, p. 80.]
Source: legislature.idaho.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-IC26-SEC-347E84
Entity Class
STATUTE / IDAHO-STATE-CODE-SECTION
Domain Signature
boisestandard.org
Jurisdiction
Idaho — United States
Citation
Idaho Code § 26-404
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
afd3653da7b1b452...
Semantic Edges
Pending — corpus passes queued
The statutory text of Idaho Code § 26-404 is reproduced from the official Idaho Legislature website (legislature.idaho.gov), published by the Idaho Legislative Services Office. Idaho Code is public domain.
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boisestandard.org United States Idaho Idaho Code Title 26 Idaho Code § 26-404